Hungary’s Annual GDP Growth Likely Well Above 2%, Says City
- 11 Feb 2014 8:00 AM
Hungary’s annual economic growth is likely to have accelerated to well above 2% in the last quarter of 2013, although it may have slowed in quarter-onquarter terms on the back of an apparently softening industrial output towards the end of last year, Londonbased emerging markets analysts said ahead of the preliminary GDP data, due to be released on Friday.
Economists at Capital Economics, a major London-based global financial consultancy, said on Monday that their GDP tracker model points towards growth of around an annual 2.5% in the final quarter of last year, up from 1.8% in the third quarter.
It looks like the economy has benefitted both from a recovery in the export-led industrial sector as well as strengthening domestic demand, they added.
London-based emerging markets economists at JP Morgan, a global financial services group, said that seasonally adjusted GDP growth momentum “likely eased significantly” in the last quarter of 2013 to 0.2 percent quarter-on-quarter from the 0.9 percent print in the third quarter.
However, in over-year-ago terms growth probably continued to accelerate to 2.3 percent from 1.8 percent on base effects, they added.
Source www.hungarymatters.hu
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